PNC to Boost Card Rewards

Emphasizing it’s goal to offer more choices and better rewards, PNC Bank is making available improved credit card rewards. Targeting its customers, the Bank wants to offer deeper relationships with more rewards because the more they bank with the Company, the more they want to reward them. Additional features allowing them to conjunctively save and better manage include its online and mobile wallet feature, offering real time spending alerts and budgeting controls.

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Dollar Financial Implements $200mm Revolving Credit Facility

Dollar Financial unbanked and under-banked consumer services opened a four-year $200 million global revolving credit facility. With a potential to further expand the credit facility to $250 million, borrowings under the new facility replaces the Company’s existing $75.0 million revolving credit facility in the United States and C$28.5 million facility in Canada. The new revolving credit facility may be used to initially fund a portion of the Company’s previously announced $195.0 million pending acquisition of Purpose U.K. Holdings Limited, the parent company of Month End Money (“MEM”). MEM, which operates under the brand name PaydayUK, is the leading provider of internet loans in the United Kingdom through both internet and telephony-based technologies.

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Wright Express to Participate in Lazard Media Conference

Wright Express Corporation Chairman and Chief Executive Officer is set to participate in a fireside chat at the Lazard Capital Markets Annual Technology & Media Conference in Boston. A webcast of the presentation will be available live at the “Investor Relations” section of the Company’s website, http://www.wrightexpress.com. Wright Express offers value-based, business payment processing and information management solutions through its fleet, corporate, and prepaid payment solutions provide provided to more than 350,000 customers.

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CEDICAM and Equens Ink Commercial Partnership

CEDICAM, Credit Agricole Group’s payment subsidiary, and Equens have forged a commercial partnership to develop strategy in the European card and payment processing market. Their commercial partnership represents a unique joint opportunity across the French, German, Dutch and Italian geographies which will mutually benefit each organisation’s clients. With this, they will combine volumes and developing synergies in order to reduce unit processing costs and foster growth dynamics in order to be able to offer technical and commercial expertise and broad regional coverage.

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JCC Implements inteli-scape Payment Gateway Security

JCC Payment Systems card transaction processor has implemented inteli-scape’s “inteliWare” solution, powered by FMT’s Application Mediation platform, to protect its e-commerce payment gateway from fraud and provide merchant risk management capabilities. In conjunction with its recent growth, JCC deployed “inteliWare” given its ability to pro-actively assess risks and take inline, real-time interventions and decisions based upon the vast analytical data which the business had acquired over the years. It allows JCC to acquire and attract new e-commerce merchants, together with the ability to offer new, innovative products and services from a single platform.

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UniBank & Trust Deploys Fiserv Platform

UniBank & Trust will now implement “Universal Banking” from Fiserv on the “Signature” bank platform, giving users access via the Internet, reducing costs while delivering the business benefits of a traditional, on-site solution. The selected platform features “Data Warehouse,” “Treasury and Financial Crime Risk Management” solutions, “Aperio” customer channel management and “Teller” multi-currency, full-function, branch tellering and transaction processing solution. Using “Aperio” to provide a single view of the end customer to bank agents, allows UniBank to provide speedy, accurate responses to customer inquiries.

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Giesecke & Devrient and Vodafone to Pilot SIM Card

Giesecke & Devrient (G&D) and Vodafone are showcasing pilot projects for future mobile security applications at CeBIT 2011. The SIM card will be the key to applications in which it serves as the security element for authentication and encryption, such as gaining mobile wireless access to company networks. This adds more simplicity and convenience to the use of mobile authentication and encryption solutions. One application that the two companies are presenting in Vodafone’s Pavilion 32 at this year’s CeBIT involves SIM card-based authentication for access to a company network. The key is securely stored behind the SIM card’s cryptoprocessor and is used to establish a secure connection via a VPN.

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SelectCore Shoots for More Investment

SelectCore prepaid payment and transaction processor has inked partnership agreements with Resultz Media Group, which will provide investor relations services and encourage investment in the Company. SelectCore is also in the process of selecting a US based investor relations firm and plans to make an announcement in this regards in the immediate future. SelectCore not only focuses on transaction processing, but POS solutions for the prepaid telecom market and financial services as well with its prepaid mobile top-up to stored-value cards, with which it targets nearly 80 million underserved and credit-challenged consumers. RMG advises smallcap companies such as this operating in the public marketplace.

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BMO Introduce Financial Parenting Platform

BMO Bank of Montrea launched its BMO “SmartSteps for Parents” online, interactive hub to help parents educate children on money management. Indicating only 54% of parents have talked with their children about household finances and 37% are not certain their children have a firm grasp on the basics of money management, BMO “SmartSteps” for Parents offers saving and spending lessons. Additional findings show 72% let their kids oversee their own money while 69% learned money management skills from their parents. The “SmartSteps” tools address key money issues for separate age groups ranging from ages 5 to 15; blogs allow parents to ask questions and voice concerns; and BMO experts provide real life tips and advice that can easily be applied at home.

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Hypercom Posts 4Q-FY/10 Revenue Up & Up

Hypercom posted 4Q/10 and FY/10 fiscals with 4Q/10 revenue of $140.7 million for a 20% increase over 4Q/09. For the quarter, the Company also posted $48.1 million in gross profit (34.2% of revenue) from the year ago figure of $36.8 million and $40.1 million in 3Q/10. For the full year, net revenues increased 15% or $61.5 million from $406.9 million in 2009 to $468.4 million in 2010. Non-GAAP operating income in 2010 increased to $36.7 million from $17.3 million in 2009 and non-GAAP net income before discontinued operations increased from $11.8 million to $27.2 million in 2010.

VeriFone Systems will acquire Hypercom in an historic all-stock transaction, approved by Hypercom stockholders on February 24 and should close in 2H/11, but is subject to the satisfaction of applicable regulatory approvals and other customary closing conditions.

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Retail Sales See Growth, Smallest in Months

MasterCard Advisors “SpendingPulse” macroeconomic report provided summary results for performance of specific U.S. retail industries in February 2011. Maintaining the positive performance that began in fall 2010, the report indicated total Apparel sales grew by 6% over February 2010, making for seven straight months of growth, albeit the smallest growth since September. Meanwhile, the Furniture sector showed a 4th consecutive month of positive growth with February growing 4.0% compared to February 2010. This is the longest streak of positive growth for the sector since the Spring of 2007, thanks in part to a positive President’s Day holiday. February’s year-over-year growth rates were smaller in most categories than those recorded in the November 2010 through January 2011 period, as e-Commerce saw the most growth for its fourth consecutive month of double-digit growth up 13.2%, slightly higher than January’s 12%. Online Total Apparel grew by 13%, marking the 15th straight month of double-digit increase. There was double digit growth in every sub-category of apparel with the exception of women’s clothing which still grew by 7.7%. Valentine’s Day being one of its most important occasions for Jewelry purchases, Jewelry e-Commerce posted year-over-year growth of 7.2% after January’s 9.2% decline. Electronics e-Commerce grew by 5.4% in February, its sixth straight month of growth, albeit at a slightly lower rate than in January.

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Galileo Processing Launches Cloud Computing Payment Processing

Galileo Processing financial payment processing has introduced its new suite of solutions for payment card issuing banks and payment card program managers. The solutions implement cloud computing on required levels of security, performance, availability and regulatory compliance. With Galileo Cloud Processing, each client has a dedicated virtual environment that is not shared with any other client for intellectual property and program innovation preservation. Galileo supports more than 1,000 programs throughout the United States and Canada.

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